Transforming the Future of Los Angeles

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Transforming the Future of Los Angeles. Who is Move LA ?. Initiated the discussions that led to Measure R on the November 2008 ballot: a ½ cent sales tax increase to raise $40 billion for LA County transportation over 30 years - PowerPoint PPT Presentation

Transcript of Transforming the Future of Los Angeles

Page 1: Transforming the Future of Los Angeles
Page 2: Transforming the Future of Los Angeles

• Initiated the discussions that led to Measure R on the November 2008 ballot: a ½ cent sales tax increase to raise $40 billion for

LA County transportation over 30 years

• Built the Environmental, Labor, Business coalition that championed Measure R

• Measure R was approved by 67.8% of voters

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What Does Measure R What Does Measure R Provide?Provide?

• ½ cent sales tax increase in LA County for 30 years

• Will raise $40 billion for LA County transportation investments over 30 years

• About 70% of the funds will go for public transit

• 35% or about $14 billion is dedicated to 12 specific rail and fixed guideway bus rapid transit projects

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RESULTS

Measure R Press Conference, November 5, 2008

(Left to Right: LA Mayor Antonio Villaraigosa, Wendy Gruel, Assemblyman Mike Feuer, Move LA: Denny Zane, Diane Forte, Marlene Grossman)

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12 Measure R Transit Projects 12 Measure R Transit Projects 1. Westside Subway

2. Regional Connector LRT

3. Foothill Gold Line LRT

4. Crenshaw LRT

5. Exposition LRT (Phase 2)

6. Gold Line Eastside LRT (Phase 2)

7. Green Line LRT- South Bay

8. Green Line LRT – LAX

9. SFV I-405

10.SFV East North-South BRT

11.SFV North-South BRT (Canoga)

12.West Santa Ana Branch LRT

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MEASURE R RAIL TRANSIT

Partial list

BACK TO PACIFIC RED CAR DAYS*Excludes 11.5 mi. additional BRT

ADDS 76 MILES*

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Measure R Transit BenefitsMeasure R Transit Benefits

Jobs and economic stimulus: 166,000 transit construction jobs in LACounty alone 500,000 total jobs created

Air quality: Eliminate 568,458 pounds emissions/year

Fuel Savings: Save 10.3 million gallons gasoline/year

Transit Growth: 77 million more annual transit boardings

Congestion relief : 208 million fewer vehicle miles traveled

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Accelerate Measure R projects through the “30-10 Plan”

Expand operating dollars for public transit

Ensure transit & pedestrian oriented land use policies

Ensure an ambitious SB 375 implementation program.

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The 30-10 Plan: The 30-10 Plan: Accelerates 12 Measure R Transit ProjectsAccelerates 12 Measure R Transit Projects

Can we build 30 years of projects in 10 years?

Yes, if we can get low cost financing!

The barrier is not planning, design, environmental review, or construction

time.The real barrier is cash flow.

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Benefits of the 30-10 PlanBenefits of the 30-10 Plan• Reduced construction costs, perhaps $4 billion or

more in savings Could be used for interest payments, transit operating

costs or additional transit projects

• Accelerated congestion relief

• Accelerated air pollution and greenhouse gas reductions

• Accelerated economic development benefits

• Accelerated job benefits

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Total Transit Project Savings Total Transit Project Savings with 30-10 Planwith 30-10 Plan

Transit Project Delivery Costs$ Billions

18.314.7 13.2

30-Year LRTP 10-Year Acceleration With 10% CostReduction

Save ~$3.6 billion through acceleration

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Transit Project StatusUnder Construction– SFV North-South

(Canoga)BRT

Construction Ready– Gold Line Foothill LRT

Finishing EIRs– Exposition LRT (Phase

2)– Crenshaw LRT

EIRs Underway– Wilshire Subway– Gold Line Eastside LRT

(Phase 2)– Green Line LRT- South Bay– Regional Connector LRT

Planning Not Started– Green Line LRT - LAX– SFV East North-South BRT– SFV I-405– West Santa Ana Branch LRT

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““30-10 Plan”30-10 Plan”Proposed Federal Funding

Strategies1. Federal “New Starts” Grant / Early

Systems Work Agreement

2. Expanded TIFIA (loan)“The Transportation Infrastructure Finance and Innovation Act of 1998”

3. New Transit Investment Bonds

Likely includes private financing with federal loan guarantee and interest subsidy (0% interest loans possible)

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Los Angeles Los Angeles TimesTimes 6/9/20106/9/2010Mayor Villaraigosa's 30/10 plan: Moving forward

“The 30/10 transit plan is the most important initiative ever

proposed by Mayor Antonio Villaraigosa. If, as seems

increasingly likely, it's embraced by Congress, it will become one

of the nation's most significant public infrastructure projects…In

fact, in a recent conversation with the mayor, President Obama

called the proposal "a template for the nation.“Tim Rutten

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What is the Status of “30-10 Plan”

• Championed by Senator Barbara Boxer

• Endorsed by nearly all the LA County delegation to Congress

• Key parts embraced by the Obama Administration

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What Can We Do?

Momentum is excellent – Time for action is now!

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www.MoveLa.org